Maple Corp

question 156

Multiple Choice

Maple Corp.had net sales of $217,550 for the year ended December 31,2017.Its beginning and ending total assets were $94,200 and $113,500,respectively.Determine Maple's asset turnover ratio for the year ended December 31,2017.(Round your answer to two decimal places. )

• A)0.48 times
• B)2.31 times
• C)1.08 times
• D)2.09 times

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Definitions:

Latent Functions

The unintended consequences of an action or social pattern.

Dominant Ideology

The set of beliefs, values, and norms that reflect the interests of the ruling class or majority group in a society, often taken as natural or universally true.

Ruling Class

denotes the social class that holds primary power and authority in a society, often owning the means of production or governing.

False Consciousness

Belief in and support for the system that oppresses you.